Atlas Copco, a leading provider of sustainable productivity solutions, recently reported record-high order volumes, revenues and operating profit. Demand from most customer segments is expected to remain at current high level. Equipment demand from the semi-conductor industry is expected to be somewhat lower in the near-term.
“We have had another quarter that shows our capability to deliver strong results,” said Mats Rahmström, CEO and President of the Atlas Copco Group. “It’s great to see that the hard work of all employees resulted in record results, with all business areas achieving good organic order growth in all major regions”.
Orders received in the second quarter increased 13% to MSEK 25 120 (22 286), an organic increase of 10%. Revenues increased to MSEK 24 461 (21 397), an organic growth of 11%. The operating profit margin was 22.2% (21.5).
Innovative products launched in the quarter include a new oil-free rotary screw compressor that delivers up to 35% energy savings compared to similar products; a new range of dry screw vacuum pumps with excellent contaminant handling capabilities; a test bench with new joint simulating technology for best possible torque and angle testing accuracy, and a lightweight and efficient combined mobile compressor and generator minimizing the amount of equipment needed at customers’ site.
We will continue to focus on innovation and creating even better products and more efficient service platforms. We are dedicated to ensure that our customers can grow their businesses and be successful,” Mats Rahmström added.
About Atlas Copco
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers through its innovative compressors, vacuum solutions, generators, pumps, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2017, Atlas Copco (excluding Epiroc AB) had revenues of BSEK 86 (BEUR 9) and about 34,000 employees.